TO-NIGHT'S WOOL SALE.

New Zealand Herald, Volume LXV, Issue 20113, 26 November 1928, Page 10

TO-NIGHT'S WOOL SALE.

FIRST AUCKLAND OFFERING.

TOTAL OF 22,345 BALES. FIRM PRICES ANTICIPATED. Firm prices aro expected to rule at tlie first Auckland wool sale, which opens in the Town llall this evoning, Pmyprs who arrived from the South in large numbers during the week-end wevo busy yesterday in appraising wool from nil over the province, which hacl been opened for inspection in the various stores. This year's offering compares more than favourably in quality with that of last season. Tho nggregato number of bales to bo auctioned is 22,345, compared with last year's record total of 23,211, a decrease of 1866. This year's offering, however, is regarded as thoroughly satisfactory. Wool received at the stores early in tho season was in light condition, but that which came forward later showed rather more condition than did that offered at tho first sale last year. One notjpeable feature is that the wool is deeper grown this yoar, tho quality being generally good, except in the case of that sent forward by farmers who have had fire through their properties. Tho effect of tho ash is to ho seen in theso cases, but in no instanco has it had a very serious result. ' Wjien the season's salos opened in Wellingtqn, prices for fine wools were approximately twopence lower and coarse wools from qbout par to one halfpenny higher thy-n at the ppening salo in Auckland last ypar. Since then prices for fine* wools jiave improved sjightjy at Wanganui and Napier, and there is every indication that fine wools should bring nearly as much in Auckland this year as last.

The wool did not come to |iand very readily at tho stores in Auckland in t|io early part of the season, chiefly owing to adverse weather conditions. However, a3 soon as there was an improvement brokers received enormous quantities in a short time. It was previously anticipated there would be a considerably smaller offering than at last season's first sale, but tho actual total is regarded as highly satisfactory. There will be a full bench of buyers at the sale this evening, representatives of practically every wool manufacturing country in the world being present. Competition is expected to bo as keen as ever, but although the salo will commence at 7.30 it is not anticipated piore than three of tho five catalogues will be disposed of. This will leave tho remaining two to bo sold to-morrow. Following are details of tho total number of bales being offered in each catalogue, tho offering being made in the order stated: — Bales. Abraham and Williams, Ltd. . . 3226 Alfred Buckland and Sons, Ltd. . 2705 Farmers' Co-op. Auctioneering Co., Ltd. ' 5830 Loan and Mercantilo Agency Co., Ltd. .. r 5029 Dalgety and Co., Ltd., and North Auckland Farmers' Coop., Ltd. " • • 7555 Total . . • • 22,345